About the Event

The prospects for growth in Sri Lanka are extremely attractive. With the first fully fledged commercial Islamic bank in Sri Lanka now open, almost all banks are now opening or considering Islamic windows. In particular there is a strong growth potential in the areas of Ijarah, Diminishing Musharakah and Sukuk.

Sri Lanka is a strategic naval link between West Asia and South East Asia. A legislative breakthrough in 2005 with the Amendment of the Banking Act turned this economy into a potential hub for Islamic finance and we expect this new market for the Islamic Finance news Roadshow to flourish in the years to come.

The first IFN Sri Lanka Roadshow will be held in Hilton Colombo on the 6^th September 2012.

Agenda

08:00 - 09:00

Registration and refreshments

09:00 - 09:10

Welcome Address
Faizal Salieh - Chief Executive Officer & Managing Director, Amana Bank

09:10 - 09:30

Opening Keynote
Ajith Nivard Cabraal - Governor, Central Bank of Sri Lanka

09:30 - 10:15

Session One - Islamic Finance in Sri Lanka: Where We Stand, Challenges & Opportunities

Critical analysis of current Islamic banking practices and their long-term effects on the industry and economy
Competing with conventional finance - highlighting the competitive advantages of Islamic finance
"War for Talent" - addressing the shortage of talents in the Islamic finance sector in Sri Lanka
Opportunities for international financial institutions to open Islamic windows in Sri Lanka

Moderator:	Neil Miller - Global Head Islamic Finance, KPMG, UAE
Panelists:	Ananda Silva - Deputy Governor, Central Bank of Sri Lanka Ehsan Zaheed - Executive Director, Amana Takaful Group Faizal Salieh - Chief Executive Officer & Managing Director, Amana Bank Rajendra Theagarajah - Chief Executive Officer, Hatton National Bank

10:15 - 10:30

Presentation: Assessing Market Readiness for Islamic Finance in Sri Lanka
Neil Miller - Global Head Islamic Finance, KPMG, UAE

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10:30 -11:00

Break & Networking

11:00 - 11:45

Session Two - The Possibilities & Opportunities for New and Current Islamic Products in Sri Lanka

Developments and updates on existing product structures in Sri Lanka - Murabahah, Diminishing Musharakah and Ijarah
Sukuk and Islamic capital markets
Sovereign Sukuk: The possibility of a sovereign Islamic issuance and its likely implications and benefits
The potential for further innovation - structuring better Shariah based products
The development of Islamic corporate loans in Sri Lanka
Exploiting new modes of financing and markets in Takaful, re-Takaful, Micro-Takaful and Banca-Takaful
What products are booming internationally and which of these can be adapted into Sri Lanka?

Moderator:	Roshan Madawela - Chief Executive Officer & Director, Research Intelligence Unit
Panelists:	Fazly Marikar - Head of New Product Initiatives, Amana Bank Ikbal Daredia - Chief Executive Officer, Alkhair International Islamic Bank, Malaysia Imran Zahir - Head of Islamic Banking, NDB Bank Khurram Abdullah - Head of Capital Markets, Dar Al Sharia, Dubai Islamic Bank Reyaz Jeffrey - Chief Executive Officer & General Manager of Family Takaful, Amana Takaful

11:45 - 12:00

Keynote Address - Islamic Finance: Malaysia's Experience & Success Stories
Badlisyah Abdul Ghani - Executive Director & Chief Executive Officer, CIMB Islamic Bank, Malaysia

12:00 - 12:30

Session Three - Moving Towards an Enabling Regulatory and Tax Environment

Sri Lanka's regulatory and tax reforms: Where does the market stand now?
The role of governmental bodies and regulators in growing the market further : What needs to be done ?

Moderator:	Suresh Perera - Principal, KPMG, Sri Lanka
Panelists:	Preeni Koralege - Head of Legal and Compliance, Amana Bank R S Samaranayake - Deputy Commissioner, Banking & Financial Institutions, Department of Inland Revenue, Sri Lanka Yvette Fernando - Director Bank Supervision, Central Bank of Sri Lanka

12:30 - 13:00

Session Four - Resolving Divergences in Accounting between AAOIFI and IFRS

Understanding the different objectives and perspectives of AAOIFI and IFRS accounting
Discussing the differences of priorities between the two standard-setting bodies
Assessing its implications on sukuk transactions

Moderator:	Reyaz Mihular - Managing Partner, KPMG, Sri Lanka
Panelists:	Gayani L. Perera - Technical Manager, Sri Lanka Accounting and Auditing Standards Monitoring Board Manil Jayasinghe - Partner, Ernst & Young, Sri Lanka Sujeewa Rajapakse - President, Institute of Chartered Accountants of Sri Lanka

13:00 - 14:00

Lunch

14:00 - 14:30

Case Study: Sri Lankan Airlines Transaction
Issuer: Yasantha Dissanayake - Head of Finance, Sri Lankan Airlines
Financier: Chiradeep Deb - Head of Corporate Finance, Mashreq Bank, UAE
Counsel: (To be Confirmed)

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14.30 - 15.30

Session Five - Liquidity Management and Islamic Investing in Sri Lanka

Liquidity management for Sri Lankan Islamic financial institutions
Maximizing liquidity, diversifying funding sources and educating investors
What does Sri Lanka have to offer the international investment community?
Discussing the growth of private investment funds and wealth management
Attracting petro-dollar investors to Sri Lanka
Discussing criteria for being a Shariah compliant entity

Moderator:	Ishrat Rauff - Managing Director & Chief Executive Officer, Adl Capital
Panelists:	Anver Jalaldeen - Senior Vice President, Head of Investment Banking, Sharjah Islamic Bank Dhammika Nanayakkara - Superintendant of Public Debt, Central Bank of Sri Lanka Hitesh Asarpota - Director, Capital Markets and Structured Finance, Emirates NBD Capital Pharis Jazeel - Head of Treasury, Amana Bank Tyrone Hannan - Head of Global Transaction Banking, Deutsche Bank

15:30 - 16:15

Session Six - Crucial Steps to Take Sri Lanka's Islamic Finance to the Next Level

Identifying Sri Lanka's competitive advantage to compete in the Islamic finance market
Discussing the role of the Islamic Banking Association in Sri Lanka to promote and create awareness on Islamic finance
Addressing the lack of fixed income products in Sri Lanka with effective strategies
Encouraging cross-border collaborations and facilitating international players' knowledge transfer for further growth
A glimpse into the future: What are the positive changes in Sri Lanka's Islamic finance, that we expect to see in the next 2-3 years?

Moderator:	Ariff Sultan - Regional Director, Asia, Ideal Ratings
Panelists:	Fazal Ghaffoor - Chief Executive Officer, Amana Takaful Harith Harun - Managing Director & CEO, Maldives Islamic Bank Krishan Thilakaratne - Chief Executive Officer, Al-Falaah Islamic Business Unit, Lanka ORIX Finance K M M Jabir - Deputy General Manager, Al Safa Islamic Finance Unit - People’s Leasing Company

16:15 -17:00

Networking and Refreshments

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Confirmed Speakers

Ajith Nivard Cabraal - Governor, Central Bank of Sri Lanka
Ananda Silva - Deputy Governor, Central Bank of Sri Lanka
Anver Jalaldeen - Senior Vice President, Head of Investment Banking, Sharjah Islamic Bank
Ariff Sultan - Regional Director, Asia, Ideal Ratings
Badlisyah Abdul Ghani - Executive Director & Chief Executive Officer, CIMB Islamic
Chiradeep Deb - Head of Corporate Finance, Mashreq Bank, UAE

Dhammika Nanayakkara - Superintendant of Public Debt, Central Bank of Sri Lanka
Ehsan Zaheed - Executive Director, Amana Takaful Group
Faizal Salieh - Chief Executive Officer & Managing Director, Amana Bank
Fazal Ghaffoor - Chief Executive Officer, Amana Takaful
Fazly Marikar - Head of New Product Initiatives, Amana Bank
Gayani L Perera - Technical Manager, Sri Lanka Accounting and Auditing Standards Monitoring Board
Harith Harun - Managing Director & Chief Executive Officer, Maldives Islamic Bank
Hitesh Asarpota - Director, Capital Markets and Structured Finance, Emirates NBD Capital
Ikbal Daredia - Chief Executive Officer, Alkhair International Islamic Bank, Malaysia
Imran Zahir - Head of Islamic Banking, NDB Bank
Ishrat Rauff - Managing Director & Chief Executive Officer, Adl Capital
Khurram Abdullah - Head of Capital Markets, Dar Al Sharia, Dubai Islamic Bank
K M M Jabir - Deputy General Manager, Al Safa Islamic Finance Unit - People’s Leasing Company
Krishan Thilakaratne - Chief Executive Officer, Al-Falaah Islamic Business Unit, Lanka ORIX Finance
Manil Jayasinghe - Partner, Ernst & Young, Sri Lanka
Neil Miller - Global Head, Islamic Finance, KPMG, UAE
Pharis Jazeel - Head of Treasury, Amana Bank
Preeni Koralege - Head of Legal and Compliance, Amana Bank
R S Samaranayake - Deputy Commissioner, Banking & Financial Institutions, Department of Inland Revenue, Sri Lanka
Rajendra Theagarajah - Chief Executive Officer, Hatton National Bank
Reyaz Jeffrey - Chief Executive Officer & General Manager of Family Takaful, Amana Takaful
Reyaz Mihular - Managing Partner, KPMG, Sri Lanka
Roshan Madawela - Chief Executive Officer & Director, Research Intelligence Unit
Suresh Perera - Principal, KPMG, Sri Lanka
Sujeewa Rajapakse - President, Institute of Chartered Accountants of Sri Lanka
Tyrone Hannan - Head, Global Transaction Banking, Deutsche Bank
Yasantha Dissanayake - Head of Finance, Sri Lankan Airlines
Yvette Fernando - Director Bank Supervision, Central Bank of Sri Lanka

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About REDmoney Events

REDmoney events designs, organizes and hosts industry-leading conferences, forums, roadshows, seminars and dialogues focusing on the Islamic financial markets across a global, regional and national level. Leveraging an exceptional network of the industry’s elite and supported by the expertise of the REDmoney publishing and seminars divisions, REDmoney Events are able to provide access to a unique array of influential speakers, panelists and participants from a cross-section of the global industry to debate the most significant issues affecting the Shariah compliant financial markets.

REDmoney events are differentiated by their complimentary yet qualified attendance structure, ensuring the highest quality of both delegates and contributors. Comprehensive and cutting-edge, attendance ensures exclusive access to the leaders in their field across all sectors and markets.

TThe annual IFN Asia and IFN UK Forums are categorically recognized as their continent’s leading industry events since their inception in 2006 and 2007 respectively. The Dialogues series has also become an integral element of the REDmoney events series and have cemented their position as leading, must-attend, events. In 2022, we introduced the Islamic Sustainable Finance & Investment Forum, which was an enormous success, and will become a mainstay.

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